Shopping Strip
7855 Kingsway
7855 Kingsway, Burnaby, BC V3N 3E4
Listing Price: Request For Offer
Investment Overview
• 100% LEASED NEW RETAIL CENTRE • 80% LEASED TO INVESTMENT GRADE TENANTS • LONG-TERM, CAREFREE, NNN LEASES • ASSUMABLE MORTGAGE WITH 4+ YEARS REMAINING AT 3.25% • $400,000+ IN INTEREST SAVINGS • HELD IN BARE TRUST • $174,000 IN PROPERTY TRANSFER TAX SAVINGS • NO FOREIGN BUYERS TAX • $1,300,000 IN SAVINGS COMPARED TO RESIDENTIAL INVESTMENT
7855 Kingsway
Investment Highlights
- 6,254 SF stable, income-producing investment property comprised of four daily-needs retail tenants with built-in rental escalations.
- Unparalleled market location. The Site is in the epicenter of a growth market and is surrounded by master-planned multifamily developments such as Southgate City, Highgate Village and Kings Crossing
- The Site is just off the major regional intersection of Kingsway and 10th Avenue which experiences over 55,000 VPD combined.
- Adding to its attractive investment attributes, the Site is governed by the Edmonds Town Centre Plan. Current future land uses suggest low/mid rise mixed-use development offering an excellent redevelopment or exit strategy upon lease expiries
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- 6,254 SF stable, income-producing investment property comprised of four daily-needs retail tenants with built-in rental escalations.
- Unparalleled market location. The Site is in the epicenter of a growth market and is surrounded by master-planned multifamily developments such as Southgate City, Highgate Village and Kings Crossing
- The Site is just off the major regional intersection of Kingsway and 10th Avenue which experiences over 55,000 VPD combined.
- Adding to its attractive investment attributes, the Site is governed by the Edmonds Town Centre Plan. Current future land uses suggest low/mid rise mixed-use development offering an excellent redevelopment or exit strategy upon lease expiries
Investment Overview
• 100% LEASED NEW RETAIL CENTRE • 80% LEASED TO INVESTMENT GRADE TENANTS • LONG-TERM, CAREFREE, NNN LEASES • ASSUMABLE MORTGAGE WITH 4+ YEARS REMAINING AT 3.25% • $400,000+ IN INTEREST SAVINGS • HELD IN BARE TRUST • $174,000 IN PROPERTY TRANSFER TAX SAVINGS • NO FOREIGN BUYERS TAX • $1,300,000 IN SAVINGS COMPARED TO RESIDENTIAL INVESTMENT
Exclusively Listed By
